Australian global infrastructure investor AMP Capital, which owns infrastructure assets across the UK, Europe and North America, has confirmed that it is the subject of several further offers. potential management, as its parent company AMP reported another year of losses.
AMP, which has gone through four tumultuous years following revelations in 2018, it typically charges customers for financial advice without providing any services, plans to fork its wealth management and listed on the Australian Stock Exchange later this year.
AMP Capital has approximately AU$178 billion in assets under management (US$128 billion), including AU$25.9 billion in infrastructure assets, making it one of the leading investment managers in the world. Largest infrastructure in the world.
AMP has agreed to sell the equity and fixed income arm of AMP Capital to Macquarie Group and has sold its life insurance business to Resolution Life. After AMP Capital is spun off, the remaining company will specialize in banking and wealth management.
On Thursday, AMP confirmed market speculation that more than one potential buyer had taken approaches to acquire AMP Capital, which the company said it would rename Collimate Capital. Unconfirmed reports in The Australian suggest that potential buyers include those bidding overseas.
“AMP has noted market speculation regarding a potential interest in the AMP Capital business. Stock trading.
“AMP will consider any approach consistent with its obligation to act in the best interest of shareholders.”
AMP posted a full-year loss of AU$252 million.